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A Structural Model of Tenure and Specific Investments
Teulings, Coen N.; van der Ende, Martin A. - 2000
Though a lot of work has been done on the distribution of job tenures, we are still uncertain about its main determinants.In this paper, we stress random shocks to match productivity after the start of an employment relation.The specificity of investment makes hiring and separation decisions...
Persistent link: https://www.econbiz.de/10010324673
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Selection Bias, Comparative Advantage and Heterogeneous Returns to Education: Evidence from China in 2000
Heckman, James Joseph; Li, Xuesong - 2003
This paper uses newly available Chinese micro data to estimate the return to college education for late 20th century China when allowing for heterogeneous returns among individuals selecting into schooling based on these differences. We use recently developed semiparametric methods to identify...
Persistent link: https://www.econbiz.de/10010274202
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Changing returns to education during a boom? The case of Ireland
McGuinness, Seamus; McGinnity, Frances; O'Connell, Philip - 2008
change theory needs to take account of both the specific changes in the nature of labour demand and the nature and extent of …
Persistent link: https://www.econbiz.de/10010290583
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Rising Wage Inequality in Germany
Gernandt, Johannes; Pfeiffer, Friedhelm - 2006
This paper investigates the evolution of wages and the recent tendency to rising wage inequality in Germany, based on the German Socio-Economic Panel (GSOEP) for 1984 to 2004. Between 1984 and 1994 the wage distribution was fairly stable. Wage inequality started to increase around 1994 in...
Persistent link: https://www.econbiz.de/10010297527
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Rising Wage Inequality in Germany
Gernandt, Johannes; Pfeiffer, Friedhelm - 2006
The paper investigates the evolution of wages and wage inequality in Germany based on samples from the German Socio-Economic Panel (GSOEP) 1984 to 2005. Real gross hourly wages for prime age dependent male workers increased on average by 23 percent between 1984 and 1994 in West Germany and the...
Persistent link: https://www.econbiz.de/10010297934
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Rising Wage Inequality in Germany
Pfeiffer, Friedhelm; Gernandt, Johannes - 2007
The paper investigates the evolution of wages and wage inequality in Germany based on samples from the German Socio-Economic Panel (SOEP) 1984 to 2005. Real gross hourly wages for prime age dependent male workers increased on average by 23 percent between 1984 and 1994 in West Germany and the...
Persistent link: https://www.econbiz.de/10010298016
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The Nature of Equilibrium in Macroeconomics: A Critique of Equilibrium Search Theory
Aoki, Masanao; Yoshikawa, Hiroshi - 2008
The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor … theory allegedly fills this gap by encompassing apparent disequilibrium phenomena in the neoclassical equilibrium framework …. Taking up Lucas and Prescott (1974) as a primary example, we show that the neoclassical search theory cannot explain the …
Persistent link: https://www.econbiz.de/10010298573
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Selektionsverzerrungen, erfragte Reservationslöhne und Arbeitslosigkeitsdauer
Christensen, Björn - 2003
Verwendung der Selektivitätskorrektur der nach der Theorie erwartete positive Effekt des Reservationslohns auf die … by correction for the selectivity bias can the theoretically expected positive effect of reservation wages on the …
Persistent link: https://www.econbiz.de/10010260626
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Nonseparable sample selection models with censored selection rules
Fernández-Val, Iván; van Vuuren, Aico; Vella, Francis - 2018
strategies for estimation. We also provide the associated asymptotic theory. These strategies are illustrated in an empirical …
Persistent link: https://www.econbiz.de/10011941436
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Endogenous Schooling and the Distribution of the Gender Wage Gap
Hansen, Jörgen; Wahlberg, Roger - 1999
estimates for a number of reasons. Consequently, if we neglect this potential bias in OLS when estimating the gender wage gap …
Persistent link: https://www.econbiz.de/10010262298